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94
Dec 28, 2012
12/12
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we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of contention is ted kennedy, jr. he will not seek the seat. he was speculated to seek the seat of his late father. the decision to buck the dying inouye. senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite o
we should roll back the reagan tax cuts. tax cuts do not work. the bush tax cuts have been designed to be temporary. we have had no job growth due to the tax cuts. forbusinesses on the hook reinvesting their profits back into the businesses. thank you for taking my call. host: the story from "the washington times." host: other candidates that have been mentioned include the attorney general in massachusetts. he ran against scott brown and loss. congressman stephen lynch. name out of...
188
188
Jan 1, 2013
01/13
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the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public unemployment problem to get worse. progressives can get behind the president and claimed a win over the republicans. or they can hold out for the progressive principles that they originally wanted. i think in congress a lot of folks will wind up back in the president. host: guestok. good morning, steve. caller: happy new year. everybody is talking about going back to the clinton's tax brackets. do you think that is a good idea? andt: go back to the 1990's everybody did quite well. tic talk. apocalyps it is not all that much debilitating when people tend to save the money rather than sp
the tax-cut measure that they did. nobody making $40,000 a month needs a tax breaks. we discussed the tax thing in an earlier program. the middle class is paying for it. i didn't understand that liberals do not band together stronger and show a united force. it is okay to have obama as the president. if we say the president is caving in, we have power. guest: we have seen 26 straight months of private sector job gains. we have seen losses in the public sector. you can expect that public...
198
198
Dec 31, 2012
12/12
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ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the republican house fights today. republicans will fight today and republicans will fight tomorrow to protect as many american families as possible from the tax increases democrats passed when they controlled congress and the white house. and it is that difference, mr. speaker, that caused american voters to give republicans in the 2010 and 2012 elections their largest number of house of representatives victories in more than six decades. mr. speaker, fighting democrat tax increases, now that's a mandate. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from missouri,
ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the...
166
166
Dec 29, 2012
12/12
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the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising the dollar revenue from them is sort of less harmful than it is from lower income folks. so, i mean, those debates are worth having, but i think when you actually get down to the specifics and play it out, things like a straight flat tax or national retail sales tax don't make a lot of sense. host: we've been talking with joseph rosenberg, a research associate at the tax policy center. if you want to get more information about the work that they do, you can go to our website, taxpolicycenter.org. part of the urban tax policy working center. thank you very much for being on the program. guest: tha
the idea of sort of flat taxes or national retail sales tax, taxes have long been proposed and talked about. i mean, i think fundamentally, it sounds appealing, but, you know, what you're really talking about is relative to what we do now. you're talking about a much different way of raising -- much more revenue from lower and middle income people and less from the very rich. my sense is that's not where the american people are at. there is this sort of sense that higher income people raising...
127
127
Dec 30, 2012
12/12
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is it just numbers in terms of tax brackets, were specific tax proposals? guest: believe what the two are fighting over is the threshold of the tax rates -- who is wealthy? people who make over $250,000 a year, or should that number be higher, $400,000, $500,000? another big sticking point is the estate tax. this has received a preferential tax rate dating back to the bush era tax cuts. it was extended again two years ago. that is the real sticking point. it divides the senate democrats. there are a number of senate democrats up for reelection in 2014 that not want to see that tax rate rise. that is a political football here as well. host: as we are in the final hours, what is motivating congress more, public perception, the stock market's? guest: i think it is both of those things. the stock market, all of the analysts i have talked to, they built in a certain amount of time to give congress a face to work this out. increasingly, there is concern that if they do not work this out, the markets will react. particularly kagel we go over the cliff and there is
is it just numbers in terms of tax brackets, were specific tax proposals? guest: believe what the two are fighting over is the threshold of the tax rates -- who is wealthy? people who make over $250,000 a year, or should that number be higher, $400,000, $500,000? another big sticking point is the estate tax. this has received a preferential tax rate dating back to the bush era tax cuts. it was extended again two years ago. that is the real sticking point. it divides the senate democrats. there...
203
203
Dec 24, 2012
12/12
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in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying something. guest: 47% of the people don't pay income tax, but they do pay a other things. there's something called the earned income tax credit for that began in the ford administration. ronald reagan expanded its and bill clinton expanded further. an income-tax credits, low- income workers get a tax advantage to help you and your family, help keep you off welfare, social benefits you more to work and be on welfare. that was a virgin. mor -- that was a virtue. now people are getting up and arms about it saying half the people don't pay taxes. host: clarence page, a prediction, what ha
in my opinion, all polls are tax deductions, but not all tax deductions are loopholes. a poll is a misuse of an intended deduction and using its in a way in which it was never intended. you agree? guest: i think local is a term that describes a tax advantage that i cannot get or you-- cannot get. -- loophole is a term. caller: we hear of republicans as broadening the tax base. by the pepco word for ge people -- i think that is code for people who are not paying anything now to start paying...
201
201
Dec 25, 2012
12/12
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increase january 1, the payroll tax will go up. we had a bit of a bend because of the recession and the attempt to put more money in people's pockets so you were taking money away from social security in that regard. it is not that people have been spending it, it has become as opposed to locked in a box -- it has become more fungible in terms of the economic crisis. politicians have spent some of the social security money but the bigger issues is with medicare and entitlement programs that have grown larger a last few decades. some of them will get partially cut -- things like supplements for seniors and food programs -- those things are now on the table. the age of eligibility for medicare, even the republicans are open to that idea. president obama is open to the idea of linking the consumer price index to a lower rate of growth, the so-called chain cpi and what that will mean for medicare and social security and all the entitlement programs. it will slow growth and decrease the amount of checks that go out to people who get mon
increase january 1, the payroll tax will go up. we had a bit of a bend because of the recession and the attempt to put more money in people's pockets so you were taking money away from social security in that regard. it is not that people have been spending it, it has become as opposed to locked in a box -- it has become more fungible in terms of the economic crisis. politicians have spent some of the social security money but the bigger issues is with medicare and entitlement programs that...